Slovenia Insurance Report Q2 2015 - New Report Available

From: Fast Market Research, Inc.
Published: Tue Feb 17 2015


We have a positiveoutlook for Slovenia's overall insurance sector over the 2015-2019 forecast period, confirming overall growth of gross premiums in both the life and non-life segments. Importantly, both segments will exhibit declines in written premiums in 2015 and 2016, as the sector is pressured by intensive competition among existing players and increasing claims. However, from 2017, we anticipate ongoing premiums growth resulting from several key drivers, including changes in the country's demographic structure and healthcare reforms initiated by the Slovenian government. Accordingly, opportunities for future investment will mainly be present in particular sub-segments of the sector.

Slovenia's overall insurance industry is set to experience rather sluggish growth throughout the next five years. The market is characterised by aggressive price competition among the incumbent players with various users of group products going bankrupt, and constrained by unfavourable economic conditions as households will likely continue to be unwilling to commit to long-term life insurance contracts in the foreseeable future. These market conditions already put pressure on insurers' ability to grow their profitability, and hence we believe that opportunities for future investment will remain scarce in the coming years.

Full Report Details at
- http://www.fastmr.com/prod/956911_slovenia_insurance_report_q2_2015.aspx?afid=301

There is poor long-term growth potential for most of the country's sub-segments. This is particularly true of the non-life segment, where we see that increases in volumes initiated by some of the major market players are being offset by declining prices due to the still low levels of household and corporate spending in various industries. As such, even though there have been early indications that household consumption is finally recovering - to a much larger extent than corporate consumption - the current low house prices means that Slovenian families are more inclined to invest in properties, leaving their spending on motor vehicles at a relatively...

The Slovenia Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Slovenia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Slovenian insurance industry.

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Contact Name: Bill Thompson
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